About the Mortgage Loan Process

There's a lot to do when you get a mortgage. You would not be researching mortgage loans if it were possible to get a mortgage loan in a single day by filling out a simple application. But 1st Credential Mortgage Inc does the heavy lifting so you can concentrate on your life rather than the mortgage loan.

Getting a home loan involves four major steps.

Step one: Decide how much you can afford

A couple of factors determine this amount. What kind of monthly payment are you looking for? And given your unique credit and employment history, income and debt, and goals, how much will a lender loan you? You can get a good idea of your preferred payment abount using the calculators on our website. And we can guide you to the right loan amount and best program for you when you answer a few quewstions. Based on standard lender guidelines, we'll get you a good idea of what kind of terms and loan program you can expect to benefit most from.

Step two: complete a pre-qualification

This is where the rubber meets the road and 1st Credential Mortgage Inc can really save you money. You will supply information on your current job, assets, and residence history. You'll supply your employment, asset, and residence history information. We get your permission to pull your credit score and report. When we review all this information we will give you a letter of pre-qualification. Handle it with care — it can be a useful tool when you make your offer! Your REALTOR® will likely use your pre-qual (as they may call it) in order to make the best offer on the home you choose. While you're shopping for your new home, we're busy finding the loan that's right for you.

Step three: apply for your loan

After you've signed an offer and the sellers accept it, you should apply for the loan. It couldn't be easier, and you can do it online, right here on our site. After the offer has been accepted and you have submitted your loan application, we will order a professional appraisal on the home.

Step four: your loan is funded

Your real estate agent and the seller's will coordinate to find a title company to take care of the funding of your loan. We'll work with this company to make sure all the papers your lender needs are in order, and you will probably}likely sign everything at their officeWe coordinate with the title company to set your closing date. Because you will not have to worry with this coordination, you get to think about moving logistics, painting, new carpet, and the details involved in moving into your new house.

You've answered some few questions, provided detailed information, applied , and Before you know it, you'll be moving in! 1st Credential Mortgage Inc is a mortgage specialist; you're not — so we take care of the details. Doesn't that sound nice?

Have questions about the loan process? Call 1st Credential Mortgage Inc at (281) 778-0805. We answer questions about the loan process every day.

Basic Pre-Approval

Get the Best Mortgage Rate! Tell us a little about your current needs and we can use that information to match you with just the right loan.

Tell us about your loan needs.
How can we get in touch with you?
Tell us about your credit history.